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Nov 29, 2012
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. >> it's not a good idea to go over the fiscal cliff. no one wants to see that happen. it is a bad idea. but a worse idea is to accept a compromise that allows the wealthy americans to continue to not pay their fair share because the result of that will be middle class families will bear the entire burden of the challenges that this country faces. that's not fair or responsible. >> how do we do it? how does this country manage to get a decently fair deal in time to beat this cliff, avoid it? >> tom cole said it all. take what the president has offered right now. make sure that 98% of the people aren't affected by any tax increases. that's how we get it started. and patty is absolutely right. we have all these problems facing us and this is the way to do it. a bad deal would be saying to the millionaires and billionaires, you're going to get a big tax break. that's what the elections was about. we held an election. it isn't as if this was a sidebar issue, chris. this was a main issue. >> i know. >> so, we can fix this. we can stop the sequester right now. we can make sur
. >> it's not a good idea to go over the fiscal cliff. no one wants to see that happen. it is a bad idea. but a worse idea is to accept a compromise that allows the wealthy americans to continue to not pay their fair share because the result of that will be middle class families will bear the entire burden of the challenges that this country faces. that's not fair or responsible. >> how do we do it? how does this country manage to get a decently fair deal in time to beat this cliff,...
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Nov 29, 2012
11/12
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more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. hope it doesn't, but i'm going to break it down next. ♪ gerri: i always like to give you the straight poop on everything, and, today, i'm concerned about the fiscal cliff. in the past two days, two very well-connected professional money managers have spoken to me about their trepidation their clients have about the expiration of the bush tax cuts and the cut backs on spending. money is worried, concernend many are selling as you've seen. to read the stories of the press on the fiscal cliff, well, you'd think change is on the horizon just 33 days away, well, it doesn't maer much. in fact, just sit back, relax. the fiscal cliff is not a big deal. i'll quote one here. it's unlikely all of these bad things happen or stay in effect for an extended period of time. pundits call if the fiscal cliff smoke that is, instead o a cliff, the rising support for junking the fiscal approach as confusing and renaming it the austerity crisis or bomb. that's it. according to the u.s. news and world rep
more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. hope it doesn't, but i'm going to break it down next. ♪ gerri: i always like to give you the straight poop on everything, and, today, i'm concerned about the fiscal cliff. in the past two days, two very well-connected professional money managers have spoken to me about their trepidation their clients have about the expiration of the bush tax cuts and the cut backs on spending. money is worried, concernend...
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Dec 7, 2012
12/12
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cuts and going over the fiscal cliff will impact millions of americans. >> there would be a lot of federal employees who would be furloughed or riffed and would lose their jobs. >> reporter: economists say the combination of automatic spending cuts and tax increases that will kick in january 1st if congress and the president don't reach an agreement could plunge the country back into recession. danielle nottingham, cbs news, washington. >> the house is scheduled to formally adjourn by the end of the year on december 14th but house majority leader says they will stay in session until a cred credible solution is worked out. >>> it could be a big day in the battle o of same sex mainly. the -- marriage. the justices are being asked to overturn a lower court ruling that the prop 8 ban on gay marriage is unconstitutional. they may decide to hear the case or they could let the ruling by the lower court stand which could pave the way for gay marriages to resume in california. >>> a man is in serious condition after falling 30 feet at the oakland coliseum. it happened last night during the raider b
cuts and going over the fiscal cliff will impact millions of americans. >> there would be a lot of federal employees who would be furloughed or riffed and would lose their jobs. >> reporter: economists say the combination of automatic spending cuts and tax increases that will kick in january 1st if congress and the president don't reach an agreement could plunge the country back into recession. danielle nottingham, cbs news, washington. >> the house is scheduled to formally...
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Dec 7, 2012
12/12
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despite the looming fiscal cliff, americans are focused as we say, on the to do list. what do you consider of a most pressing economic issues facing the united states today, jobs and unemployment far and away number one, 30%. followed by government spending, budget deficit at 15. then back to wages at 11. so 41% saying either wages or unemployment, and then you see the government spending peace. if you look at how this breaks out by republican and democrat, independent, independent and -- they rank jobs higher than wages. if you look at republicans they rank spending as a deficit. when you go back to this idea of compromise what are you compromising about? these are very tricky times in terms of creating a working coalition on that issue. compromise, consider the economic challenges facing the country, which of the following actions do you believe do most of the country improve over the next couple of years? we read three separate approaches to this. number one was growing the economy and creating jobs. even to investments, even if that means continued deficits and tax
despite the looming fiscal cliff, americans are focused as we say, on the to do list. what do you consider of a most pressing economic issues facing the united states today, jobs and unemployment far and away number one, 30%. followed by government spending, budget deficit at 15. then back to wages at 11. so 41% saying either wages or unemployment, and then you see the government spending peace. if you look at how this breaks out by republican and democrat, independent, independent and -- they...
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Nov 30, 2012
11/12
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he'll tell americans the fiscal cliff will cause holiday shopping to plummet. >> let's give a christmas present to the american people. >> reporter: but the mood here on capitol hill is anything but festive. both sides say the tax hikes and spending cuts due to kick in at year end are unacceptable, they just don't believe each other. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy geithner to the hill with had $4 trillion plan. it includes 1.6 trillion in new taxes on upper income americans. 400 billion in cuts to medicare and other entitlement programs. and $50 billion in new spending on infrastructure and unemployment benefits. the biggest stumbling block remain. the new taxes on the wealthiest americans. while some republicans here in congress are hinting they might be open to the idea the majority seemed opposed. >> raising rates on the so-called rich is the holy grail of liberalism. their aim isn't job creation, they are interested in wealth distribution. >> reporter: the white house insists th
he'll tell americans the fiscal cliff will cause holiday shopping to plummet. >> let's give a christmas present to the american people. >> reporter: but the mood here on capitol hill is anything but festive. both sides say the tax hikes and spending cuts due to kick in at year end are unacceptable, they just don't believe each other. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy...
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Nov 29, 2012
11/12
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going off the fiscal cliff will hurt our economy, it will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only one was a balanced plan to protect the economy, protect the american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reform, it's going to be impossible to address our country's debt crisis and get our economy going again and create jobs. right now all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president and congressional democrats to tell the american people what spending cuts they are really willing to make. i'll take a few questions. it's been very clear over the last year and a half, i talked to the president about many of them. you can look at our budget. where we outline very specific proposals that we have in last year's budget and the budget from the year before
going off the fiscal cliff will hurt our economy, it will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only one was a balanced plan to protect the economy, protect the american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reform, it's going to be impossible to address...
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Dec 5, 2012
12/12
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. >> i understand, but is it worth going over this fiscal cliff to do that or at this point let's just pure politics here, take away the president's best leverage. >> well, there again, you can't get to a workable long-term solution until you agree to address spending in the near term and the long term and until you address the two trust funds which are medicare and entitlements. the largest of which is medicaid. there are lots of bills and plans and approaches that have been presented over the last several years. >> i understand that. i want to read a quote from somebody you are familiar with. the ceo of fedex. this is what he said about tax rates. a lot of mythology in washington that it's small business that creates all the jobs in the united states and if you raise the rates on the top 2%, you'll kill jobs. the vast majority are produced by capital investment in equipment and software. that's not done by small business. he's saying stop fighting over this 2% and move on. >> what he is looking for is certainty in the regulatory world and in taxation. we hear that quite a bit. yes, i
. >> i understand, but is it worth going over this fiscal cliff to do that or at this point let's just pure politics here, take away the president's best leverage. >> well, there again, you can't get to a workable long-term solution until you agree to address spending in the near term and the long term and until you address the two trust funds which are medicare and entitlements. the largest of which is medicaid. there are lots of bills and plans and approaches that have been...
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Dec 1, 2012
12/12
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CNNW
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at least let's fix the fiscal cliff and make sure that american families aren't faced with possible larger tax bills come january. >> wouldn't it just make you feel better if you didn't feel the real reason we'll get a fiscal cliff resolution, whether it's a little tinkering or something bigger, wasn't because they actually wanted to be home on christmas? >> i think that they absolutely should try to get this done. i certainly don't think they should go home before the situation is resolved. but i also think that when you are looking at what kind of congress we want, we want a responsive congress. we want a congress rooted in american communities, not inside the beltway. >> look, you just want mondays and fridays off, too, and your trying to make the argument to the national review as to why that is better. >> americans want their leaders to work, period. >> thanks to both of you. we appreciate it. of course, we want all your feedback. >>> next, the billionaire software tycoon john mcafee is wanted in the questioning of the death of his neighbor. martin savidge just literally caught him. h
at least let's fix the fiscal cliff and make sure that american families aren't faced with possible larger tax bills come january. >> wouldn't it just make you feel better if you didn't feel the real reason we'll get a fiscal cliff resolution, whether it's a little tinkering or something bigger, wasn't because they actually wanted to be home on christmas? >> i think that they absolutely should try to get this done. i certainly don't think they should go home before the situation is...
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Dec 1, 2012
12/12
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at least let's fix the fiscal cliff and make sure that american families aren't faced with possible larger tax bills come january. >> wouldn't it just make you feel better if you didn't feel that the real reason we're goeng to get a fiscal cliff resolution, whether tas little tinkering or something bigger wasn't because they wanted to be home for christmas. >> i certainly don't think they should go home before the situation is resolved, but i also think when you're looking at what kind of congress you want, you want a responsive congress, rooted in american communities, not inside the beltway. >> you would want mondays and fridays off, too, and you're trying to make the argument. >> americans want their leaders to work, period. >> thanks to both of you. "outfront" next, breaking news. the billionaire software tycoon is on the run and martin savidge just literally caught him. he was running. he's going join us with that right after this. he's getting it ready for you at this instant and it's going to be a lot harder to spot the things that spot you because we've got drones that are now desi
at least let's fix the fiscal cliff and make sure that american families aren't faced with possible larger tax bills come january. >> wouldn't it just make you feel better if you didn't feel that the real reason we're goeng to get a fiscal cliff resolution, whether tas little tinkering or something bigger wasn't because they wanted to be home for christmas. >> i certainly don't think they should go home before the situation is resolved, but i also think when you're looking at what...
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Dec 3, 2012
12/12
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. >> to go over this fiscal cliff because republicans won't raise tax rates on the wealthiest 2% of american would subject the average american to big tax increase and enormous damage from the other cuts that would happen. there is no reason why the country has to go through that. bill: the focus is all on taxes and tax rates and not on spending. how can you be serious when you want to raise $1.6 trillion in taxes at a time when growth is around 2? >> that's the point i was making. they complain about want to go cut spending but they made no offer to cut spending. when the president talked about cutting spending, when they talk about defense spending what happens? they attack him. for the entire campaign all we heard about was how obama wanted to cut medicare. so which is it? i it he cut too much or he doesn't cut anything? and where is there offer? if they say they are the party of cutting spending stop talking about the democrats, make an offer. >> mitch mcconnell is out there every single day saying these are the entitlement changes that i think make sense and would get us to a deal. rais
. >> to go over this fiscal cliff because republicans won't raise tax rates on the wealthiest 2% of american would subject the average american to big tax increase and enormous damage from the other cuts that would happen. there is no reason why the country has to go through that. bill: the focus is all on taxes and tax rates and not on spending. how can you be serious when you want to raise $1.6 trillion in taxes at a time when growth is around 2? >> that's the point i was making....
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Dec 1, 2012
12/12
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he spoke about the fiscal cliff negotiations. this is what he had to say. [video clip] >> the reason i am here is i want the american people to urge congress soon to begin the work we have by doing what we all agree on. both parties agreed we should extended the middle-class tax cuts. we have disagreements about the high end tax cuts. republicans do not want to raise taxes on people like me. i think i can pay a little more to make sure kids can go to college and we can build roads and invest so we are finding cures for alzheimer's. that is something we have to sort out. we already all agree on making sure middle-class taxes do not go up. host: this president's trip was covered in the "the new york post." back to the telephones with our discussion regarding the fiscal cliffs. ryan is the next caller. caller: i would like somebody to call and on the republic of mine and tell me with these george w. bush tax cuts over the past eight years, where are the jobs? if tax cuts create jobs, where are they at? that is one point. when speaker john boehner talks about o
he spoke about the fiscal cliff negotiations. this is what he had to say. [video clip] >> the reason i am here is i want the american people to urge congress soon to begin the work we have by doing what we all agree on. both parties agreed we should extended the middle-class tax cuts. we have disagreements about the high end tax cuts. republicans do not want to raise taxes on people like me. i think i can pay a little more to make sure kids can go to college and we can build roads and...
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with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary tkpwaoeugter in'sers.e.c.geithner's comments about going over the cliff, the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me -- or do not used a skwrebgive thes like
with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there there is a code of silence...
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Dec 6, 2012
12/12
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. >> pelley: we asked chip reid to visit with a family staring over the fiscal cliff. >> reporter: sean and jody watson have four daughters ages five to 14 and know all too well the sacrifices and sleepless nights endured by middle-class families in a struggling economy. >> we don't go out to eat much. we don't spend-- we don't go to the movies much. >> we do a lot of thrift store shopping for my kids for clothes. >> reporter: shawn was unemployed for a year in washington state then two years ago he got a job as an accountant with the federal government so the family of six-- their savings depleted-- moved across the country to woodbridge, virginia. his salary of a little more than $70,000 is less than what he used to make. >> before we lost our job they were in-- two were in piano and we haven't been able to do things like that. >> reporter: what's the hardest part of this? >> for me it's my kids, knowing that i want more for them. my oldest, who's the one that's most aware of what we've been going through the last couple years she asked me recently, this summer, she's like "mommy, whe
. >> pelley: we asked chip reid to visit with a family staring over the fiscal cliff. >> reporter: sean and jody watson have four daughters ages five to 14 and know all too well the sacrifices and sleepless nights endured by middle-class families in a struggling economy. >> we don't go out to eat much. we don't spend-- we don't go to the movies much. >> we do a lot of thrift store shopping for my kids for clothes. >> reporter: shawn was unemployed for a year in...
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Dec 6, 2012
12/12
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. >> the showdown over the fiscal cliff. a new poll suggests president obama has the american people's support when it comes to taxing the wealthy. this poll shows nearly half of those surveyed once bush eras tax cuts to expire for those making more than $250,000 a year. the poll was taken last weekend. the questions did lean more to the men -- to the democratic party. eric cantor says republicans want to sit down with the president and talk specifics. president obama spoke with business executives, calling for a balanced approach combining taxes with cuts. the president rejected a gop counter offer, which targeted government cuts but did not add any new taxes. if the deal is not reached by january 1, everyone's taxes will go up and automatic spending cuts will go into affect. >> starbucks makes news for two reasons. why they want you to spend $450 this holiday season for one product. >> a would-be thief sets off a bomb next to an atm. what wins? pictures that will show you. >> feeling like >> ready ms from the district. pol
. >> the showdown over the fiscal cliff. a new poll suggests president obama has the american people's support when it comes to taxing the wealthy. this poll shows nearly half of those surveyed once bush eras tax cuts to expire for those making more than $250,000 a year. the poll was taken last weekend. the questions did lean more to the men -- to the democratic party. eric cantor says republicans want to sit down with the president and talk specifics. president obama spoke with business...
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Dec 4, 2012
12/12
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host: what are the odds we go over the fiscal cliff? guest: i am an optimist, i do not think we will, but when we wait until the last minute, something could go wrong. we got right to the last minute on what could've been made government shut down in april, 2011. the last minute on the fiscal cliff -- i do not think it is a good way to do business. it seems to be the way we are doing business in this town. host: if we were to go over, what happens? guest: probably, congress would be back in session quickly and we would do something but i am talking about right now, hopefully, and continue to negotiate. it is not to question of dollars and cents. some people have said we could let the rates go up and the republicans could take something down and they could call that a tax cut. people would lose faith in the institution and political leadership. trust is a funny commodity. you have it until you do not. you do not get it back if you lose the trust and then do the right thing the next day. we should convince the country, the markets and the
host: what are the odds we go over the fiscal cliff? guest: i am an optimist, i do not think we will, but when we wait until the last minute, something could go wrong. we got right to the last minute on what could've been made government shut down in april, 2011. the last minute on the fiscal cliff -- i do not think it is a good way to do business. it seems to be the way we are doing business in this town. host: if we were to go over, what happens? guest: probably, congress would be back in...
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Dec 4, 2012
12/12
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cliff. i think the shared concerns of governors that we address are fiscal challenges in a way that ensures the economy continues to grow and create jobs. with that, i'll take your questions. >> thanks, jay. two questions. in the bloomberg interview, the president was asked whether tax rates on the wealthiest americans have to go to the clean ton levels, 39.6% now. is that a red line? he never answered it directly, a process where rates could go down next year as far as tax reform. you talked with fiscal rates need to go up. what he campaigned on was the 39.6 at the end of the year. is that the case? >> so, let me say this, the president has been absolutely clear, as have i, that rates have to go up on top earners, on millionaires and billionaires, those making over $250,000. the president made that clear all yearlong and clear in the post-election period being engaged in conversations with congress about how to deal with the fiscal cliff, and our long term deficit challenges. we have yet to
cliff. i think the shared concerns of governors that we address are fiscal challenges in a way that ensures the economy continues to grow and create jobs. with that, i'll take your questions. >> thanks, jay. two questions. in the bloomberg interview, the president was asked whether tax rates on the wealthiest americans have to go to the clean ton levels, 39.6% now. is that a red line? he never answered it directly, a process where rates could go down next year as far as tax reform. you...
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Dec 7, 2012
12/12
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. >>> president obama says the approaching fiscal cliff is going to add some stress for a lot of american families over this holiday season. there are just 25 days to go now until the tax hikes and the budget cuts go into effect. that is unless our leaders can make a deal. the white house has made it clear, we could go over that cliff if republicans refuse to raise tax rates on the top 2% of american earners. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives awe sense of the costs involved in very personal terms. >> now, from the republican perspective they say they would like to close some loopholes and eliminate tax breaks but they insist that the bush-era tax cuts must be extended for all americans. >>> new at 11:00, president obama on the phone with the president of egypt, pressing him about protests that have now turned deadly. here's the scene in cairo. at least six people dead, hundreds more injured. the trouble all started when morrisey granted himself broad new powers. hat grown worse after he put in plac
. >>> president obama says the approaching fiscal cliff is going to add some stress for a lot of american families over this holiday season. there are just 25 days to go now until the tax hikes and the budget cuts go into effect. that is unless our leaders can make a deal. the white house has made it clear, we could go over that cliff if republicans refuse to raise tax rates on the top 2% of american earners. >> for them to be burdened unnecessarily because democrats and...
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president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on capitol hill today, president obama headed to northern virginia. he sat down with tiffany santana and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: tef any had used twitter to tell the president her family can't afford a tax increase. and the white house released this video. >> $2,000 for me would be paying a month's rent. >> reporter: back in washington, more gridlock. >> it's up to the republicans to decide ho
president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on...
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Dec 6, 2012
12/12
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still no deal between republicans and the president to avoid the so-called fiscal cliff. speaker john boehner spoke by phone yesterday. visit a northern virginia family today to highlight his call to extend current tax rates to 98% of americans. the two sides are at a stalemate over raising taxes on incomes more than $250,000 a year. however, house majority leader erik canter says the go p is ready to quote talk specifics. >> the serian army has loaded deadly gas into aerial bombs. something president obama has strongly warned against. the military is waiting for orders from the president to deploy the chemical weapons. this morning a blast hit the headquarters as fierce fighting rages in the suburbs. the german government approved sending air defense to boarders. >>> and in egypt, violent crashes led to 40 deaths and injuries. up until now the muslim brother hood which supports president morsi and protestors have demonstrated in different areas. the two sides resorted to rocks , fire bombs and they even fired shots at each other. right now tanks are outside the president
still no deal between republicans and the president to avoid the so-called fiscal cliff. speaker john boehner spoke by phone yesterday. visit a northern virginia family today to highlight his call to extend current tax rates to 98% of americans. the two sides are at a stalemate over raising taxes on incomes more than $250,000 a year. however, house majority leader erik canter says the go p is ready to quote talk specifics. >> the serian army has loaded deadly gas into aerial bombs....
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Nov 29, 2012
11/12
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caller: i don't think the american people will get anything unless we let things go over the fiscal cliff. republicans will never agree to anything. i think obama needs to stick to his guns. guest: that is one of view of some liberals and some republicans say let's go over the cliff. then you get to cut tax rates. that is easier politically to do. nobody says it is their first choice. some say the democrats could have more leverage if we go over the cliff. some think tanks have said and most people understand it is a slope. it will be gradual. many people are looking to the stock-market to see what their reaction is if there is not a deal. that could have its own impact on the economy. host: author any strong advocates in the administration who maintain the payroll tax cuts? guest: chris van hollen is a top democrat in the house and has been vocal about saying we should continue it. larry summers said we should continue it. the obama administration had said that it was time to go back and let the tax cut expire. they have been quiet about that recently. host: now again, from "money" magaz
caller: i don't think the american people will get anything unless we let things go over the fiscal cliff. republicans will never agree to anything. i think obama needs to stick to his guns. guest: that is one of view of some liberals and some republicans say let's go over the cliff. then you get to cut tax rates. that is easier politically to do. nobody says it is their first choice. some say the democrats could have more leverage if we go over the cliff. some think tanks have said and most...
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Dec 2, 2012
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going over the fiscal cliff is serious business and i'm here seriously trying to resolve it, and i would hope the white house would get serious, as well. >> welcome to the journal editorial report. i'm paul. not exactly a meeting of the minds this week between president obama and house speaker john boehner on just where talks to end the fiscal showdown stand. the president, for his part, took his case to the public and repeated his call for a tax hike on upper income americans but made little mention of cuts to entitlement spending. something the speaker said must be part of any final deal. joining the panel this week, wall street journal columnist and deputy editor dan, and ms. o'grady and washington columnist kim stossel. you are stuck in washington having to talk to all the sources. and you have been working them this week, i know. is the mood as sour as it sounds? >> it is by the end of this week and here's why. republicans came out right after the election and said to the president, you want revenue, here. you want revenue on the wealthy? we will give it to you. let's do this via li
going over the fiscal cliff is serious business and i'm here seriously trying to resolve it, and i would hope the white house would get serious, as well. >> welcome to the journal editorial report. i'm paul. not exactly a meeting of the minds this week between president obama and house speaker john boehner on just where talks to end the fiscal showdown stand. the president, for his part, took his case to the public and repeated his call for a tax hike on upper income americans but made...
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we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] [ male announcer ] ...forbusiness.com. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... a
we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. wanted to provide better employee benefits while balancing the...
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Dec 7, 2012
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then, despite the looming fiscal cliff, americans are focused as we say on that to do list. what do you consider are the most pressing economic issues facing the united states today, jobs and unemployment, far and away, number one, 30%, followed by government spending, the budget deficit, and then back the wages at 11%. 41% saying he their wages or unemployment and then you see the government spending peace. if you look at how this breaks out by republican, democrat, independent, independent and democrats rank jobs higher than wages, and if you look at republics, they rank spending and the deficit. when you go back to this idea of compromise, where are you compromising about? these are very tricky times in terms of creating a working coalition on that issue. compromise -- considering the challenges facing the country, which of the following actions do you believe will to the most to help the country improve? we read three separate purchase to this. the number one was growing economy and creating jobs through investments, even if that means continued deficits and tax increase
then, despite the looming fiscal cliff, americans are focused as we say on that to do list. what do you consider are the most pressing economic issues facing the united states today, jobs and unemployment, far and away, number one, 30%, followed by government spending, the budget deficit, and then back the wages at 11%. 41% saying he their wages or unemployment and then you see the government spending peace. if you look at how this breaks out by republican, democrat, independent, independent...
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we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. but i'm still stubbed up
we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! bp has paid overthe people of bp twenty-threeitment to the gulf....
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that's the american way. and then there was this on the fiscal cliff from a.t. in manassas. he says fear not the fall. the bush era tax cuts were never meant to be permanent. i don't look forward to more taxes, but the hard facts is to get out of debt somebody has to pay. the other part of the cliff is spending. congress needs to pull back spending, but that's highly unlikely without being forced. i say let it fall. i'd agree if we had no other choice, but from where i sit going off that fiscal cliff represents a disastrous failure of leadership at the top level and i think we need to demand better. >>> also speaking of something better we got this simple prescription from tony. after watching all the republicans and democrats cheering together at the last washington redskin game maybe rg3 should be asked to negotiate the fiscal cliff discussions. i'm just saying. i'm wishing it was so, tony, but i think managing those characters over on pennsylvania avenue might be too much even for our rookie phenom. i'd settle for him whooping the ravens gangnam style. i also want some e-
that's the american way. and then there was this on the fiscal cliff from a.t. in manassas. he says fear not the fall. the bush era tax cuts were never meant to be permanent. i don't look forward to more taxes, but the hard facts is to get out of debt somebody has to pay. the other part of the cliff is spending. congress needs to pull back spending, but that's highly unlikely without being forced. i say let it fall. i'd agree if we had no other choice, but from where i sit going off that fiscal...
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michael, on your deadline fiscal cliff we know when it happens january 1. the president's got his plan, the republicans have sort of a plan. the center for american progress came out with its own this week, why? you don't think the others are good enough? >> well, what we saw as a real need was a plan for comprehensive tax reform. not just nibbling around the edges but really trying to do something big and bold that would not only raise the revenue that we need and we do absolutely need to raise revenue but fix the problems in the tax code and we don't think that that's something that's going to happen in the next three weeks. we do think that that's something that's going to happen or could happen over the next year. and the parameters for that might be agreed upon in the next few weeks. we really wanted to put that out there and say listen, here are some really good ideas on how to really fundamentally reshape -- >> bill: first two or three points, what are you proposing in terms of raising the tax rates for the wealthiest go up? what else? >> the basic p
michael, on your deadline fiscal cliff we know when it happens january 1. the president's got his plan, the republicans have sort of a plan. the center for american progress came out with its own this week, why? you don't think the others are good enough? >> well, what we saw as a real need was a plan for comprehensive tax reform. not just nibbling around the edges but really trying to do something big and bold that would not only raise the revenue that we need and we do absolutely need...
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cliff if any within had worked. we have a history repleat with failure. i agree, it should be out in the open. >> first of all, these secret talks violate the principle of american government that would be open to every city county school board has open meeting laws you are not supposed to be meeting in secret. the argument has been like you said the only way get things done. we've gone two years and nothing has gotten done. it certainly is contrary to good public policy. >> greta: why do we continue to accept failure? don't the people working on this, we've been talking about this 18 months and we've had secret talks gang of six, eight, it has not worked maybe we ought to try something new like doing it out in the open? >> harry reid refused to bring up a budget, you and i have talked about that before. why? because he did not want a public discuss and did not want the public to layout a firm plan for how to fix our future it left us having to try desperately dramatic deadlines try to reach agreement among -- with
cliff if any within had worked. we have a history repleat with failure. i agree, it should be out in the open. >> first of all, these secret talks violate the principle of american government that would be open to every city county school board has open meeting laws you are not supposed to be meeting in secret. the argument has been like you said the only way get things done. we've gone two years and nothing has gotten done. it certainly is contrary to good public policy. >> greta:...
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here's the democratic and republican opening bids on the fiscal cliff. but the revenue side of the republican proposal just doesn't match up with reality. you can't get $800 billion in revenue from lowering rates and closing loopholes and deductions. can we get on that page? it doesn't come close to adding up, unless you get rid of just about every deduction for the middle class that's out there. is that what this election was about? president obama has been clear about it all along. >> unfortunately, the speaker's proposal right now is still out of balance. you know, he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. and when you look at the math, it doesn't work. >> you see, if we lower these rates, then the job creators will go out there end and all this money to hire a bunch of people, and that's going to contribute more to the tax base. and gosh, we're just going to take care of all of our problems. we have tried this stuff, and it didn't work. when leaders mcconnell and boehner feed the
here's the democratic and republican opening bids on the fiscal cliff. but the revenue side of the republican proposal just doesn't match up with reality. you can't get $800 billion in revenue from lowering rates and closing loopholes and deductions. can we get on that page? it doesn't come close to adding up, unless you get rid of just about every deduction for the middle class that's out there. is that what this election was about? president obama has been clear about it all along. >>...
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so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have to really be a rocket scientist to understand that the rich do have to pay more. taxes do have to be raised on the rich and i think that's why over 60% of the public in these polls are not only supportive of a tax increase on the rich, but also will blame the republicans if we go over the fiscal cliff. and this gives frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> grover norquist, here's the pr
so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in...
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we're about to walk off the fiscal cliff. we have people out there trying to undermine our way of life. there is a lot to be afraid of -- al qaeda coming back to our shores, recruiting american citizens to help their endeavors. i hate to say it. in every war we have ever been in, there have been occasions where americans joined the enemy. and in world war ii, that happened. you had german saboteurs land in long island, aided and abetted by american citizens sympathetic to the nazis. all of those american citizens in in re curran were held in military custody and tried by the military because we have long understood that when you join the enemy, that is not a crime but an act of war. we have very bad people who get a right to a jury trial. i will be the first one to say that when you go to court, no matter if you're the worst terrorist in the world, you will get a jury trial, you will get a lawyer and you will have your due process rights. but the difference that i'm trying to inform the body of, when you're fighting a war, th
we're about to walk off the fiscal cliff. we have people out there trying to undermine our way of life. there is a lot to be afraid of -- al qaeda coming back to our shores, recruiting american citizens to help their endeavors. i hate to say it. in every war we have ever been in, there have been occasions where americans joined the enemy. and in world war ii, that happened. you had german saboteurs land in long island, aided and abetted by american citizens sympathetic to the nazis. all of...
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fiscal cliff negotiations. the white house started a hash tag, my 2 k which refers to the $2,000 the average middle class american will pay in taxes if a deal is not reached. >>> that's how he gets it done, like the rest of us, huh? >> doing it himself. >>> a health scare for a former child star. a stroke that landed frankie muneasy in the hospital. >>> did you know there's a black friday at your doctor's office? why the date of your appointment matters so much. >>> and new this afternoon, a big break in the case of a man pushed to his death on theew york subway. plus, the backlash against the photographer who captured the victim's final moments. >>> a young star in hollywood is recovering today from a stroke. frankie muneasy suffered what he called a mini stroke. the malcolm in the middle star said, he was in the hospital last week, that he needs to start better care of his body and that the whole thing made him feel old. he turns 27 today. >>> at the end of the year, most health care providers are trying to c
fiscal cliff negotiations. the white house started a hash tag, my 2 k which refers to the $2,000 the average middle class american will pay in taxes if a deal is not reached. >>> that's how he gets it done, like the rest of us, huh? >> doing it himself. >>> a health scare for a former child star. a stroke that landed frankie muneasy in the hospital. >>> did you know there's a black friday at your doctor's office? why the date of your appointment matters so much....
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congress is headed home for the weekend, with the fiscal cliff deadline now just one month away. >> brown: still to come on the newshour: the fight over the filibuster; the state of the aids epidemic; shields and brooks; and the age of an american landmark. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: by the thousands, egyptians poured into the streets today to protest against president mohammed morsi. they attacked morsi's move to assume sweeping new powers and condemned a new constitution that was approved overnight by the president's islamist allies. opposition leaders joined the vast crowds in cairo's tahrir square today, and they vowed their protest would be open- ended. >> the message is clear. no one should think that the egyptian people are not capable. the egyptian people have moved from the level where they were told what to do to the level of real sovereignty. the egyptian people have to be heard. they have to consider the opinion of the egyptian people on any political decision. >> sreenivasan: the draft constitution drops language on women's
congress is headed home for the weekend, with the fiscal cliff deadline now just one month away. >> brown: still to come on the newshour: the fight over the filibuster; the state of the aids epidemic; shields and brooks; and the age of an american landmark. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: by the thousands, egyptians poured into the streets today to protest against president mohammed morsi. they attacked morsi's move to assume sweeping...
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>>host: has part of our series looking at the fiscal cliffs we look at different aspects today we turn our attention to the amt and the patch that could work out a deal if they do nothing it will affect 30 million americans. john buckley thank you for being here. what is the alternative minimum tax? >>guest: you pay the greater of the regular income tax or under the minimum tax that has the broader-based to disallow those deductions. >> in some respects it is similar to the itemize deductions rather than directly attack it puts the overall cap there is no new ideas it bears a strong relationship. >>host: here's the form for the 2011 tax preparation the alternative minimum taxes you fall into it? how do you know, ? >> i believe you could only do this with computer programs like tax prepares if fried did not have that i do believe that at&t would have been killed along time ago if people really had to do that to figure out the details there would be a strong revolt against the complexity. it is extremely burdensome if you try to do it without preparation. >>host: give us the history. >>g
>>host: has part of our series looking at the fiscal cliffs we look at different aspects today we turn our attention to the amt and the patch that could work out a deal if they do nothing it will affect 30 million americans. john buckley thank you for being here. what is the alternative minimum tax? >>guest: you pay the greater of the regular income tax or under the minimum tax that has the broader-based to disallow those deductions. >> in some respects it is similar to the...
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. >> jennifer: as we crawl toward the fiscal cliff remember that president obama has the majority of the american electorate on his side. he has the majority of the u.s. senate on his side too. but the one place he does not have the majority is the house of representatives, of course, where republicans out number democrats. that's the only place republicans have any leverage. so what will the democrats there do to help the president out? minority leader nancy pelosi offered insight to have at meeting with second of treasury quite miles an hour. ry geithner. >> there are tough choices it isn't easy but it's necessary, i have confidence that my republican colleagues will see the light. and at least pass a new tax cut so we have that legal of confidence and we can go from there. >> jennifer: sound like she is saying the republicans might not be tough enough to do the right thing. sound like she's got the president's back. now, to take us inside the house democrat i can caucus we are turn to go a great reliable source house democrat maryland congresswoman donna edwards joins us from wash
. >> jennifer: as we crawl toward the fiscal cliff remember that president obama has the majority of the american electorate on his side. he has the majority of the u.s. senate on his side too. but the one place he does not have the majority is the house of representatives, of course, where republicans out number democrats. that's the only place republicans have any leverage. so what will the democrats there do to help the president out? minority leader nancy pelosi offered insight to...
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can put the brakes on the fiscal cliff. they say let's cut taxes for the first $250,000. democrats say that. let's agree and pass what we can agree on and where we can't agree, we can have debates later on. i think the figure ought to be higher than $250,000. i think it should reflect the cost of living in high cost areas like long island. i'm not going to tell my constituents that make less than $250,000, that it should be more. we can all agree on $250,000 and debate what we cannot agree on. >> something about the negotiations themselves seems unusual to me. it seems that house republicans are dealing directly with president obama and sort of skipping over their democratic counterparts like what are you guys doing? >> look, everybody needs to get into a room. there's no question about it. and i don't care whether you are negotiating a baseball contract or negotiating a solution to this fiscal cliff. we have got to get an agreement that is balanced, that is fair to both sides and i think at the end of the day, both sides w
can put the brakes on the fiscal cliff. they say let's cut taxes for the first $250,000. democrats say that. let's agree and pass what we can agree on and where we can't agree, we can have debates later on. i think the figure ought to be higher than $250,000. i think it should reflect the cost of living in high cost areas like long island. i'm not going to tell my constituents that make less than $250,000, that it should be more. we can all agree on $250,000 and debate what we cannot agree on....
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the fiscal cliff is a serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> welcome tt colonel, editorial report, i'm paul gigot, not a meeting of the minds between president obama and house speaker john boehner where talks to end the fiscal showdown ends. the president for his park took his place for the public and called for america and little cuts to entitlement spending something the speaker says must be part of any final deal. wall street journal columnist and dan henninger, and mary an anna-- anastasia o'grady and kim strassel. you've been talking it it sources and is the mood as hour as it sounds. >> it is by the end of this week and here is why, the republicans came out right after the election and said to the president, you want revenue here. you want revenue on the wealthy, we'll give it to you, limiting tax deductions for the wealthy. the president instead of taking that and running with tceiling a deal has been campaigning for tax hikes and to cap it off sent treasury secretary tim geithner to congress wit
the fiscal cliff is a serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> welcome tt colonel, editorial report, i'm paul gigot, not a meeting of the minds between president obama and house speaker john boehner where talks to end the fiscal showdown ends. the president for his park took his place for the public and called for america and little cuts to entitlement spending something the speaker says must be part of any...
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solving the fiscal cliff in a manner that addresses the true drivers of our debt and saves american jobs will be a great way for the president to start his second term. for the country and my colleagues, we're ready to work with the president to achieve those goals. >> mr. speaker, a couple things. first, on the issue of tax rate, are you willing to accept no deal that includes some increase in those top tax rates? i'm also wondering what are final deadline on this is? how much longer can this back and forth go? when do we have to have a deal -- >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table. revenues that come from closing loopholes, getting rid of special interest deductions, and not raising rates. we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together and to resolve this. frankly, sooner is better than later. >> you've been doing this for a long ti
solving the fiscal cliff in a manner that addresses the true drivers of our debt and saves american jobs will be a great way for the president to start his second term. for the country and my colleagues, we're ready to work with the president to achieve those goals. >> mr. speaker, a couple things. first, on the issue of tax rate, are you willing to accept no deal that includes some increase in those top tax rates? i'm also wondering what are final deadline on this is? how much longer can...
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people from the consequences of going over the fiscal cliff. and, madam president, i've only been here 36 years, but i've seen every president willing to meet on a regular basis at budget-crunch time with people on both sides of the table over and over and over again until they gradually whittle it down to where they agree. i haven't seen that with president obama. i've seen heard democrats complain that he never talks to them. we cannot do this kind of work without very, very strong presidential effort. that's what presidents are for. and it can't just be laying down a gauntlet sand say, you can't -- and say, you can't cross over that, or drawing a line in the sand. we need -- you got two programs now. and those two sides need to get together. and that includes the president and whatever democrats he cares to put in the equation and also speaker boehner, leader mcconnell, and others. as we attempt to reach a meaningful resolution of this debate in the coming weeks, there are three guideposts that i will keep in sight. first is the cliff itself
people from the consequences of going over the fiscal cliff. and, madam president, i've only been here 36 years, but i've seen every president willing to meet on a regular basis at budget-crunch time with people on both sides of the table over and over and over again until they gradually whittle it down to where they agree. i haven't seen that with president obama. i've seen heard democrats complain that he never talks to them. we cannot do this kind of work without very, very strong...